Wage paid Bhavana’s drawings , Balance at bank on , Dec. , Cash in hand , , , , , The following information is also available : Jan. , Dec. , , , , , , , Plant , , , , Machinery Land & Building , , , , Investment All her sales and purchases were on credit.
Provide depreciation on plant and building by % and machinery by %, make a provision for bad debts by %. [ Ans : Gross profit ; Rs. , ; Net profit : Rs. , ; Total of balance sheet : Rs.
, , ]. Checklist to Test Your Understanding . Test Your Understanding - I . (b) .
(d) . (a) . (b) . Test Your Understanding - II .
Total debtors . Opening capital, closing capital . Fresh capital introduced, drawings . Small traders